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November 7, 2008
The Seattle-area tech sector is feeling the pinch of layoffs as the nation’s economy staggers, with various local employers laying off scores of workers.
Over the past several weeks, prominent startups such as Redfin, Zillow, WildTangent, Daptiv, Avelle and Intrepid Learning Solutions have cut staff, and more companies are expected to follow.
For many in the local tech sector, the succession of job cuts carries unsettling echoes of the dot-com bust, when the region lost thousands of technology jobs. But the industry, chastened by the excesses of the tech bubble era, is in many ways smaller and more frugal today than it was a decade ago. And it’s that scaled-down approach that some believe can help the industry weather the downturn gripping the economy now.
“You don’t need $10 million to advertise your way to greatness,” said Eric Best, CEO of Mercent Corp., a Seattle startup that helps merchants sell products on online shopping sites. “The result is, technology companies are better situated this time.”
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